Global macro investing provides unique uncorrelated return opportunities within a diversified portfolio. This blog focuses on current economic and finance issues, changes in the market structure and the hedge fund industry as well as how to be a better disciplined decision-maker in the global macro / managed futures space.

Monday, December 5, 2011

Monday - S&P sovereign ratings massacre threat

S&P issued a sovereign ratings massacre threat as the rating agency has placed all 17 euro nation under review for possible downgrades. There are six AAA-rated EU countries that have been placed on negative outlook. In a highly political move, S&P sends a signal that if something is not done with controlling debt, countries will lose their ratings. While those countries that have lost their AAA ratings have seen large changes in their funding costs, this will be a significant wake-up call of Germany and France to reach some type of debt arrangement and broader fiscal union.

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About Me

Mark has over 25 years of market experience on both the buy and sell side of the markets. He was formerly a professor of finance with a focus on futures, options, and speculative markets. He is looking to engage in a dialogue on global economic and finance issues to enhance our understanding of markets.